Student loan default rates are up.
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Student loan default rates are up.

Date: September 17, 2009
By: Michael Gossum
State Capitol Bureau

Intro:

Missouri's Higher Education department reports more Missouri college graduates are defaulting their student loans.

RunTime: 0:44
OutCue: SOC

Wrap: One University of Missouri student said rising student loan default rates make him wonder how he will pay loans back after graduation.

Junior Communications student Andrew Howard is already curious about his ability to pay loans back because of the recession.

Actuality: HOWARD1.WAV
Run Time: 00:12
Description: At the time might not seem like a lot, but once I get out of college, I know it's going to slowly hit me. And I'll realize that I'll actually have things to get taken care of. It's not just getting a degree, it's what comes afterward that starts to stress me out.
 
Missouri's Higher Education Department figures show student loan default rates rose almost two percent putting the rate at 6.1 percent.
 
That number is still slightly lower than the national average.

Reporting from the State Capitol, I'm Michael Gossum

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Intro:

The recession is causing more students to not pay back their student loans, according to the University of Missouri Director of Financial Aid.

RunTime: 0:41
OutCue: SOC

Wrap: More graduates across Missouri are not paying their student loans.

The Missouri Department of Higher Education reported nearly double the amount of deadbeat graduates than the previous year.

University of Missouri Director of Financial Aid Jim Brooks cited the recession as the main reason.

Actuality: BROOKS1.WAV
Run Time: 00:10
Description: Like everyone else, I would think it probably has something to do with the economy, with graduates having a harder time finding employment, and consequently having a harder time repaying their student loans.
 
The Missouri Office of Financial Aid provides an online tutorial to educate current students and recent graduates about paying back student loans.

Reporting from the State Capitol, I'm Michael Gossum.

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